Can I apply for an New Fund Offering (NFO) on FundsGenie?
Yes, you can apply for an NFO on FundsGenie:
Step 1. Log in to FundsGenie and go to Build Wealth
Step 2. Go to New Funds Offers (NFO) and select Invest for the desired fund
Step 3. Select Lumpsum / SIP and enter the required details:
A. Lumpsum:
i. Enter the required Lumpsum Amount and select the Order Type (Physical / Demat) > Proceed
ii. Payment: Select your Bank Account > Proceed
The payment can be made in 3 ways:
- Payment Gateway (Net Banking)- If your bank is registered with BSE, you will be redirected to your net banking page to make the payment.
- NEFT/RTGS/IMPS- If your bank is not on the list of BSE registered banks, BSE's bank account details for NEFT/RTGS/IMPS transfers will be displayed. You will have to add this account as a beneficiary (in your net banking account) and make the payment via NEFT/RTGS/IMPS.
- Mutual Fund Order Payment Confirmation Link- An email will be sent from BSE to your registered email ID. There is the provision to pay via UPI/net banking/NACH mandate (if authorised).
B. SIP:
i. Select the Investment Day (Installment date), Investment Frequency, Tenure & Order Type (Physical / Demat) > Proceed
ii. Payment: Select the desired Mandate Amount (Only the installment amount will be deducted) and tick the mandate creation box > Proceed
The payment can be made in 3 ways:
- Payment Gateway (Net Banking)- If your bank is registered with BSE, you will be redirected to your net banking page to make the payment.
- NEFT/RTGS/IMPS- If your bank is not on the list of BSE registered banks, BSE's bank account details for NEFT/RTGS/IMPS transfers will be displayed. You will have to add this account as a beneficiary (in your net banking account) and make the payment via NEFT/RTGS/IMPS.
- Mutual Fund Order Payment Confirmation Link- An email will be sent from BSE to your registered email ID. There is the provision to pay via UPI/net banking/NACH mandate (if authorised).
iii. Authenticate the NACH Mandate/OTM:
- Go to Profile > Mandate Info > Select Authenticate next to the desired mandate
- You will be able to authenticate the mandate via net banking or debit card (for NPCI-supported banks).
We currently offer only monthly SIPs on FundsGenie. For other frequencies, you will have to invest through the offline route.
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